Latest Ratios: P/E Ratio 16.2x · EV/EBITDA 27.8x · ROE 4.2%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.0B | $1.1B | $1.0B | $1.3B | $1.3B | $1.1B | $1.3B | $1.1B | $870M | $706M |
| Enterprise Value | $2.6B | $2.5B | $2.2B | $1.9B | $2.6B | $1.5B | $211M | $1.9B | $1.6B | $1.2B | $782M |
| P/E Ratio → | 16.21 | 15.34 | 10.97 | 10.21 | 8.78 | 12.47 | 18.26 | 14.59 | 14.91 | 20.51 | 30.64 |
| P/S Ratio | 1.67 | 1.57 | 1.53 | 1.61 | 2.58 | 3.41 | 2.58 | 3.76 | 3.49 | 4.09 | 4.66 |
| P/B Ratio | 0.65 | 0.62 | 0.62 | 0.62 | 0.79 | 0.87 | 0.75 | 1.12 | 1.03 | 1.44 | 1.24 |
| P/FCF | 13.74 | 12.96 | 12.46 | 8.78 | 5.45 | 11.23 | 9.49 | 13.62 | 13.23 | 27.66 | 26.41 |
| P/OCF | 12.52 | 11.82 | 11.44 | 8.24 | 5.00 | 8.28 | 8.44 | 12.93 | 11.59 | 10.85 | 21.14 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.86 | 3.19 | 3.01 | 5.28 | 3.78 | 0.49 | 5.40 | 5.09 | 5.58 | 5.16 |
| EV / EBITDA | 27.79 | 27.13 | 15.09 | 12.52 | 12.17 | 9.35 | 2.20 | 15.55 | 15.94 | 16.06 | 19.19 |
| EV / EBIT | 28.01 | 27.35 | 16.77 | 14.01 | 13.21 | 10.33 | 2.60 | 17.36 | 18.28 | 18.14 | 22.22 |
| EV / FCF | — | 31.82 | 25.88 | 16.45 | 11.16 | 12.46 | 1.79 | 19.58 | 19.28 | 37.69 | 29.23 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.5% | 54.5% | 54.1% | 59.8% | 87.3% | 93.6% | 70.9% | 84.2% | 87.1% | 88.7% | 89.6% |
| Operating Margin | 14.1% | 14.1% | 19.0% | 21.5% | 40.0% | 36.6% | 18.7% | 31.1% | 27.8% | 30.8% | 23.2% |
| Net Profit Margin | 10.8% | 10.8% | 14.5% | 16.3% | 30.2% | 28.3% | 14.6% | 25.7% | 23.4% | 20.0% | 15.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 4.2% | 4.2% | 5.9% | 6.4% | 9.5% | 7.3% | 4.8% | 8.1% | 8.8% | 7.2% | 5.7% |
| ROA | 0.5% | 0.5% | 0.7% | 0.8% | 1.2% | 0.9% | 0.6% | 1.1% | 1.1% | 0.8% | 0.6% |
| ROIC | 2.2% | 2.2% | 3.5% | 3.6% | 5.9% | 5.7% | 3.3% | 4.6% | 4.8% | 5.0% | 3.3% |
| ROCE | 2.7% | 2.7% | 4.1% | 4.3% | 7.4% | 7.5% | 4.3% | 6.2% | 6.5% | 6.9% | 4.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.98 | 0.98 | 0.74 | 0.63 | 0.93 | 0.23 | 0.25 | 0.60 | 0.59 | 0.71 | 0.66 |
| Debt / EBITDA | 17.53 | 17.53 | 8.67 | 6.84 | 7.02 | 2.23 | 3.80 | 5.74 | 6.23 | 5.76 | 9.25 |
| Net Debt / Equity | — | 0.90 | 0.67 | 0.54 | 0.83 | 0.10 | -0.61 | 0.49 | 0.47 | 0.52 | 0.13 |
| Net Debt / EBITDA | 16.08 | 16.08 | 7.82 | 5.84 | 6.23 | 0.92 | -9.49 | 4.74 | 5.00 | 4.27 | 1.85 |
| Debt / FCF | — | 18.86 | 13.42 | 7.67 | 5.71 | 1.23 | -7.70 | 5.96 | 6.04 | 10.03 | 2.83 |
| Interest Coverage | 0.33 | 0.33 | 0.42 | 0.57 | 3.61 | 3.87 | 1.22 | 2.03 | 2.37 | 3.33 | 2.67 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.13 | 0.13 | 0.10 | 0.09 | 0.07 | 0.08 | 0.16 | 0.05 | 0.04 | 0.05 | 0.08 |
| Quick Ratio | 0.13 | 0.13 | 0.10 | 0.09 | 0.07 | 0.08 | 0.16 | 0.05 | 0.04 | 0.05 | 0.08 |
| Cash Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.13 | 0.02 | 0.02 | 0.02 | 0.07 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.4% | 4.7% | 4.8% | 5.0% | 3.8% | 3.4% | 3.8% | 2.6% | 2.8% | 2.2% | 1.8% |
| Payout Ratio | 68.0% | 68.0% | 50.8% | 49.3% | 32.4% | 40.4% | 67.8% | 38.7% | 41.1% | 45.4% | 54.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 6.5% | 9.1% | 9.8% | 11.4% | 8.0% | 5.5% | 6.9% | 6.7% | 4.9% | 3.3% |
| FCF Yield | 7.3% | 7.7% | 8.0% | 11.4% | 18.3% | 8.9% | 10.5% | 7.3% | 7.6% | 3.6% | 3.8% |
| Buyback Yield | 7.5% | 8.0% | 2.0% | 0.0% | 0.6% | 2.7% | 1.3% | 2.0% | 1.0% | 0.0% | 0.3% |
| Total Shareholder Yield | 12.0% | 12.7% | 6.9% | 5.0% | 4.4% | 6.1% | 5.2% | 4.7% | 3.8% | 2.2% | 2.1% |
| Shares Outstanding | — | $57M | $58M | $59M | $59M | $60M | $60M | $51M | $48M | $33M | $24M |
CRE portfolio credit sensitivity
According to recent market data, OceanFirst trades at a P/B of 0.67, which suggests that investors are pricing the bank at a significant discount to its tangible book value, reflecting deep skepticism regarding its long-term return on tangible equity potential in the current interest rate environment.
The current valuation multiple appears to reflect a market view that the bank's commercial real estate concentration carries risks that outweigh its historical deposit franchise value. This discount warrants investigation into whether the market is correctly identifying structural headwinds or if the current pricing represents an overly pessimistic outlook on the bank's ability to navigate regional economic cycles.
Based on reported financial figures, the bank's ROE has compressed to 1.2% in 2026Q1, a trend that appears driven by the inability of asset yields to outpace the rising cost of funding, effectively neutralizing the benefits of the bank's historical leverage and operational scale.
The decomposition of profitability indicates that the core NIM is failing to provide the necessary cushion to support historical ROE levels. Investors should monitor whether the recent decline in non-interest income contribution is a temporary cyclical anomaly or a structural shift in the bank's ability to generate fee-based revenue from its wealth management and trust segments.
As reported in quarterly filings, the efficiency ratio has trended upward to 39.0% in 2026Q1, indicating that non-interest expenses are consuming a larger portion of revenue compared to the 33.3% level observed in 2024Q1, which may signal rising operational costs or integration challenges from recent acquisitions.
The persistent stagnation of the NIM at 0.7% suggests that the bank is struggling to manage its deposit beta effectively in the competitive New Jersey market. This combination of rising overhead and compressed margins implies that the bank's operating leverage is currently working against shareholders, necessitating a closer look at cost-control initiatives.
Based on reported figures, the equity-to-assets ratio has remained tightly clustered between 0.11 and 0.13 over the past ten quarters, suggesting that management is maintaining a consistent capital buffer despite the inherent volatility in the bank's commercial real estate-heavy loan portfolio.
While the capital position appears adequate relative to regulatory requirements, the lack of significant capital accumulation may limit the bank's flexibility to pursue further aggressive M&A strategies. Investors should consider whether this capital allocation strategy is sufficient to absorb potential credit losses if the regional CRE market experiences a sustained downturn.
The P/E ratio is frequently misapplied to OceanFirst, as it obscures the significant volatility introduced by CECL-driven provision expenses and purchase accounting adjustments that do not reflect the bank's underlying cash-generating capacity or the true economic health of its loan portfolio.
Analysts should prioritize P/TBV and adjusted ROE metrics over P/E, as the latter is highly sensitive to non-cash accounting noise that can distort the bank's valuation. Relying on P/E in this context may lead to erroneous conclusions about the bank's earnings power, as it fails to account for the cyclical nature of credit provisions.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying OCFC stock.
OceanFirst Financial Corp.'s current P/E ratio is 16.2x. The historical average is 21.0x. This places it at the 62th percentile of its historical range.
OceanFirst Financial Corp.'s current EV/EBITDA is 27.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.1x.
OceanFirst Financial Corp.'s return on equity (ROE) is 4.2%. The historical average is 8.5%.
Based on historical data, OceanFirst Financial Corp. is trading at a P/E of 16.2x. This is at the 62th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
OceanFirst Financial Corp.'s current dividend yield is 4.43% with a payout ratio of 68.0%.
OceanFirst Financial Corp. has 54.5% gross margin and 14.1% operating margin. Operating margin between 10-20% is typical for established companies.
OceanFirst Financial Corp.'s Debt/EBITDA ratio is 17.5x, indicating high leverage. A ratio above 4x may signal elevated financial risk.